Honda Motor Co., Ltd. (NYSE:HMC) Stake Lessened by First Trust Direct Indexing L.P.

First Trust Direct Indexing L.P. reduced its stake in shares of Honda Motor Co., Ltd. (NYSE:HMC) by 9.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 40,131 shares of the company’s stock after selling 4,149 shares during the period. First Trust Direct Indexing L.P.’s holdings in Honda Motor were worth $1,494,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Rise Advisors LLC acquired a new stake in Honda Motor during the first quarter valued at approximately $27,000. Pinnacle Bancorp Inc. increased its holdings in shares of Honda Motor by 324.4% in the 4th quarter. Pinnacle Bancorp Inc. now owns 904 shares of the company’s stock valued at $28,000 after acquiring an additional 691 shares during the last quarter. Ramirez Asset Management Inc. acquired a new stake in shares of Honda Motor during the 3rd quarter valued at approximately $30,000. Anchor Investment Management LLC bought a new position in Honda Motor during the fourth quarter worth $31,000. Finally, Principal Securities Inc. acquired a new position in Honda Motor in the fourth quarter worth $41,000. Institutional investors own 5.32% of the company’s stock.

Honda Motor Stock Up 0.2 %

NYSE HMC traded up $0.08 during trading hours on Thursday, hitting $32.48. The company had a trading volume of 359,419 shares, compared to its average volume of 745,394. The business has a fifty day simple moving average of $33.02 and a 200-day simple moving average of $33.78. The company has a debt-to-equity ratio of 0.47, a current ratio of 1.43 and a quick ratio of 1.13. Honda Motor Co., Ltd. has a fifty-two week low of $29.05 and a fifty-two week high of $37.90.

Honda Motor (NYSE:HMC) last issued its quarterly earnings data on Friday, May 10th. The company reported $0.99 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.55. Honda Motor had a net margin of 5.46% and a return on equity of 8.79%. The firm had revenue of $36.56 billion for the quarter, compared to the consensus estimate of $37.96 billion. Research analysts predict that Honda Motor Co., Ltd. will post 4.5 earnings per share for the current year.

Analysts Set New Price Targets

Separately, StockNews.com lowered shares of Honda Motor from a “strong-buy” rating to a “buy” rating in a research note on Wednesday.

About Honda Motor

Honda Motor Co, Ltd. develops, manufactures, and distributes motorcycles, automobiles, power, and other products in Japan, North America, Europe, Asia, and internationally. It operates through four segments: Motorcycle Business, Automobile Business, Financial Services Business, and Power Product and Other Businesses.